asset-stripper

a predator firm which takes control of another firm (see TAKEOVER) with a view to selling off that firm's ASSETS, wholly or in part, for financial gain rather than continuing the firm as an ongoing business.

The classical recipe for asset-stripping arises when the realizable MARKET VALUE of the firm's assets is much greater than what it would cost the predator to buy the firm; i.e., where there is a marked discrepancy between the asset-backing per share of the target firm and the price per share required to take the firm over. This discrepancy usually results from a combination of two factors:

gross under-valuation of the firm's assets in the BALANCE SHEET;
mismanagement or bad luck resulting in low profits or losses, both of which serve to depress the firm's share price.

asset-stripper

a predator firm that takes control of another firm (see TAKEOVER) with a view to selling off that firm's ASSETS, wholly or in part, for financial gain rather than continuing the firm as an ongoing business.

The classical recipe for asset-stripping arises when the realizable market value of the firm's assets are much greater than what it would cost the predator to buy the firm; i.e. where there is a marked discrepancy between the asset-backing per share of the target firm and the price per share required to take the firm over. This discrepancy usually results from a combination of two factors:

gross undervaluation of the firm's assets in the BALANCE SHEET;
mismanagement or bad luck, resulting in low profits or losses, both of which serve to depress the firm's share price.

单词	asset-stripper
释义	asset-stripper asset-stripper a predator firm which takes control of another firm (see TAKEOVER) with a view to selling off that firm's ASSETS, wholly or in part, for financial gain rather than continuing the firm as an ongoing business. The classical recipe for asset-stripping arises when the realizable MARKET VALUE of the firm's assets is much greater than what it would cost the predator to buy the firm; i.e., where there is a marked discrepancy between the asset-backing per share of the target firm and the price per share required to take the firm over. This discrepancy usually results from a combination of two factors: gross under-valuation of the firm's assets in the BALANCE SHEET; mismanagement or bad luck resulting in low profits or losses, both of which serve to depress the firm's share price. asset-stripper a predator firm that takes control of another firm (see TAKEOVER) with a view to selling off that firm's ASSETS, wholly or in part, for financial gain rather than continuing the firm as an ongoing business. The classical recipe for asset-stripping arises when the realizable market value of the firm's assets are much greater than what it would cost the predator to buy the firm; i.e. where there is a marked discrepancy between the asset-backing per share of the target firm and the price per share required to take the firm over. This discrepancy usually results from a combination of two factors: gross undervaluation of the firm's assets in the BALANCE SHEET; mismanagement or bad luck, resulting in low profits or losses, both of which serve to depress the firm's share price.
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